Will ETH recover from this drop of the last few days? 📉.
ETH attempted a bounce from the support zone ($2,110–$2,200).
The price is below the previous consolidation channel (~$2,360).
The downtrend line remains intact and ETH has not broken it yet, although it is close.
Slightly elevated volume on the bounce (moderate positive signal).
✅ Positive signals:
Immediate reaction after hitting this key zone ($2,111 minimum of 24h).
RSI likely recovering (although strength has not yet been confirmed).
A good bounce volume is very possible 🚀
⚠️ Warning signals:
Still in a bearish zone until it breaks $2,360 with strength.
It could just be a technical pullback before continuing down if it does not break the downtrend.
What to do with ETH now?
Only trade if there is confirmation of strength. Buy only if it breaks $2,360 with volume (and even better if it exceeds $2,400). In the meantime, you can observe or do scalping with short stops if you know how to manage risk.
$ETH $SOL $BTC Although everything looks red, we are in an incredible moment 🚨
big investment from whales and very positive news, we see a market hitting all possible stop losses to eliminate most short-term traders so that the market can make its next move. Without traders getting liquidated at their supports, they will be able to have a change in their bearish pattern very soon. June is the month where we will see great new highs 🔥🚀🛸
#CryptoRegulation 🇪🇦 Spain has the eyes of the whole world on it 👀. Why?
The Spanish Tax Agency has initiated a series of inspections targeting users of bitcoin (BTC) and other cryptocurrencies, marking a new chapter in its fight against tax evasion. This move, which is already causing a stir among investors, is based on cross-referencing data obtained from third parties, such as crypto asset exchanges, which must now report their users' transactions under strict European regulations.
The lawyer specializing in cryptocurrencies, Cristina Carrascosa, a prominent voice in the sector, alerted through her account on X about the tax offensive: "The Tax Agency is going after all non-prescribed years, from 2020 to 2023, not only for the Personal Income Tax (IRPF) but also for the Wealth Tax.
Carrascosa, who has been advising in this field for over a decade after discovering Bitcoin in 2012, emphasized that taxpayers must regularize their situation to avoid severe penalties.
The Spanish government, thanks to tools like Models 172 and 173 implemented since 2024, now has detailed knowledge of the balances and value of each currency, as well as the cryptocurrency movements made by investors, as reported by CriptoNoticias.
These regulations require centralized exchanges to report transactions, allowing the Tax Agency to cross-reference data with taxpayers' tax declarations. Additionally, the recent full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA) in 2025 has standardized the supervision and taxation of cryptocurrencies, facilitating this type of inspection.
$BTC after a bullish trend is having trouble maintaining its rounded price, marking a doji candle at a key point for bitcoin that will break its resistance to continue its journey to 110k or drop to 100 to gain strength for its next bullish trend hitting the stop losses of many to free itself and rise without issues
Solana is at a key point in its recovery trajectory from the declines of the last few months, currently trading between $149 and $150. This is its key point; if it surpasses its resistance of $150 and holds it within a 1-hour or 4-hour candle, we could say that it will take 150 as its new support to aim for $160. It requires patience to wait for that moment since its selling pressure is complicating things for the Solana ecosystem.
xrp is closing with a good upward momentum. If it stays this way, tomorrow it could be touching its maximum resistance, and there are not few chances of breaking it, but now is an opportunity to take advantage of its short-term movement. I emphasize that I am not an economist nor do I give advice or suggestions on your movements; the crypto world is very versatile and can have very strong and sudden changes. I only share my point of view and my strategies.
With a trading strategy to secure profits, a take profit of 2.25 and a stop loss of 2.156 to minimize risk and losses.
The downward trendline seems to be challenged, which is a good sign for a long entry.
The price is within a consolidation zone, which increases the likelihood of a false breakout, which is why we enter a strategic position.
Traders, what do you suggest for my position in a x10 entry with a take profit of 605 to secure the position and a stop loss of 595.5 to minimize risks in case the trend changes abruptly due to selling pressure.
Or is this operation very rushed, and would it be better to wait for a breakout of the resistance first?
Currently, BNB is trading near $600 USD. Recently, it has shown a breakout from a "bullish pennant" pattern on the 4-hour chart, suggesting positive momentum towards the $620–$625 range.
Additionally, price projections for May 2025 indicate that BNB could reach a maximum value of $676.31 USD, with an estimated average of $643.32 USD and a minimum of $610.33 USD.
However, it is important to note that BNB faces key resistances at the levels of $620 and $628. A clear breakout above these levels would be necessary to confirm a sustained bullish trend.
But nothing is guaranteed; the crypto market is very versatile, and if it breaks this resistance, new levels of resistance and support will be seen for $BNB
$XRP reaches the minimum support, it is at a point where its price must decide whether to break its maximum to continue its upward trend. but at the point it reaches now, it is in a position where it wants to break downwards and change to a downward trend.
$SOL signals that it will soon be looking for its new resistance at 150, today it reached its maximum but still does not have the strength to break it. It is time, gentlemen, to see again a $SOL at 200 two $SOL